In the News
Whitbread to pay the Living Wage
9th September 2015
Whitbread has announced that it is opting to pay the living wage for their employees but that some of the extra cost will be passed onto consumers through higher prices for some of the products.
The fast-growing owner of Costa Coffee, Beefeater Grill and Premier Inn has said that some of the extra cost of paying the living wage can be offset via efficiency improvements but that some selling prices will rise.
- Economics
- Blog
- In the News
- Living Wage
- Minimum Wage
- Efficiency wage
- Productive efficiency
- Labour market economics
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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